PayPal announced that it’s acquiring Tel Aviv-based crypto custody startup Curv in order to “accelerate and expand its initiatives to support cryptocurrencies and digital assets.” The acquisition reflects the challenges non-crypto firms face in participating in the space without the support of crypto-native firms.
While that footprint is significant, BTC critics on this front simplify the issue, fail to draw comparisons to other commodities, and overlook the asset’s potential contribution to sustainability. 
Gensler’s confirmation follows remarks from SEC Commissioner Hester Peirce, in which she criticized “the lack of clarity around crypto.”
Yesterday, several outlets reported that the government of the Chinese region of Inner Mongolia is planning to shut down crypto mining as part of broader efforts to meet energy efficiency standards. The move isn’t expected to have a significant impact on mining, which is increasingly distributed around the globe.
ADA’s rally comes ahead of the network’s March 1 “Mary” upgrade, described as introducing “native tokens [and] multi-asset support” on the network.
Yesterday, the New York Attorney General (NYAG) announced it had settled the case over a USD 850 million loan between the 2 firms. The settlement of the case, which was revealed in April 2019, is of key importance for Bitfinex, Tether, and crypto more broadly.
Binance Coin, the native token of the Binance Smart Chain (BSC), added as much as USD 27 billion to its market cap since Thursday. Even this morning, BNB had a market cap of USD 35 billion.
On Friday, BTC’s market cap surpassed USD 1 trillion for the first time, while weekend trading added another USD 65 million to the coin’s capitalization. This move comes on the back of new BTC investment products coming to market and sustained inflows into such offerings.
The number of addresses holding over 1,000 BTC began increasing in August 2018 and continued to do so over the past 3 years. However, the jump in addresses since the end of December marks the largest increase in the metric in a span of about 7 weeks.
BTC has made new all-time highs on the back of prominent investors endorsing the asset’s attractiveness as an investment. At the same time, a number of actors have integrated BTC into their product offering.